Three best ways to hold bitcoin combined.

[Soldroplet]

I agree with you, a real Bitcoin investor usually takes a 4-10 year or longer time horizon, he doesn't worry about the daily price fluctuations, but looks at the long-term value of Bitcoin, its limited supply and global acceptance. And shitcoin and short-term trading often turn into gambling-like behavior, where most people end up losing money, so before investing, gain knowledge, understand the risks and make a long-term plan.

Investing in Bitcoin over a longer time horizon can help investors secure profits compared to those who invest in the short term. Therefore, it is more advisable to invest for the long term. And when it comes to investing in Bitcoin, you don't actually need to understand it too deeply -- you just need to have a good basic understanding of Bitcoin and also you don't need a lot of money, just enough that you feel comfortable investing -- even a few dollars is enough to give it a try. Once your confidence builds, you can try investing your discretionary income consistently. If you're too hesitant from the start and feel like you lack understanding and preparation, you'll always procrastinate, and you'll never invest in Bitcoin.

I agree with most of your points, when you said that it is not mandatory for beginners to start with a small amount. It is not mandatory to know everything before starting; start with a small amount, adjust as you learn, I really like this saying of @JayJuanGee sir and I follow this point in my heart. Well, let's come to the point, investing in Bitcoin in the long term is reasonable, but it is not right to say that profit is guaranteed.
No investment guarantees 100% profit. Therefore, beginners should not expect guaranteed profit, use the DCA method and gradually collect Bitcoin as much as they can with discretionary income, cash flow, emergency fund, emergency fund and the money left over from their necessary expenses and maintain a long-term perspective. When someone tries to consistently build a strong Bitcoin position rather than guaranteeing profit, their long-term Bitcoin progress becomes easier.

[Cossyblack]

Knowledge is important for everything we want to do, and for Bitcoin investment, we may not need all the knowledge to get started, else we man not start. So, if we are able to get common knowledge about Bitcoin fluctuations and is able to figure out our discretionary income, then we can start out investment and gradually learn alongside as we keep building.

knowledge is important but it is not mandatory that we know everything before we know how to invest in bitcoin. Some people might not invest in bitcoin if they want to do know everything. Bitcoin is still evolving therefore no one can know everything about it so it needles and a waste of time trying to know everything about it.  It isnt a bad thing for folks to have Knowledge about bitcon but too much of it bad. An investor doesn't need to know everything about bitcoin before he get started as that isn't a prerequisite to invest in bitcoin. What is only needed is his discretionary income and common sense,if he has discretionary income available and apply some common sense,he is good to go.

[Crytohillss]

Knowledge is important for everything we want to do, and for Bitcoin investment, we may not need all the knowledge to get started, else we man not start. So, if we are able to get common knowledge about Bitcoin fluctuations and is able to figure out our discretionary income, then we can start out investment and gradually learn alongside as we keep building.

knowledge is important but it is not mandatory that we know everything before we know how to invest in bitcoin. Some people might not invest in bitcoin if they want to do know everything. Bitcoin is still evolving therefore no one can know everything about it so it needles and a waste of time trying to know everything about it.  It isnt a bad thing for folks to have Knowledge about bitcon but too much of it bad. An investor doesn't need to know everything about bitcoin before he get started as that isn't a prerequisite to invest in bitcoin. What is only needed is his discretionary income and common sense,if he has discretionary income available and apply some common sense,he is good to go.

Absolutely, nobody needs to understand everything about Bitcoin investment before getting started if that were the requirement most folks would never invest because the technology is consistently evolving. I think there's a balance to strike , while one don't need expert level knowledge and understanding the basics of what one are putting ones money into can help one avoid costly mistakes and make better decisions having discretionary income and common reasoning is very important but a small education goes a long way building confidence and managing any risks involved.

[Hardyrobust]

Knowledge is important for everything we want to do, and for Bitcoin investment, we may not need all the knowledge to get started, else we man not start. So, if we are able to get common knowledge about Bitcoin fluctuations and is able to figure out our discretionary income, then we can start out investment and gradually learn alongside as we keep building.

knowledge is important but it is not mandatory that we know everything before we know how to invest in bitcoin. Some people might not invest in bitcoin if they want to do know everything. Bitcoin is still evolving therefore no one can know everything about it so it needles and a waste of time trying to know everything about it.  It isnt a bad thing for folks to have Knowledge about bitcon but too much of it bad. An investor doesn't need to know everything about bitcoin before he get started as that isn't a prerequisite to invest in bitcoin. What is only needed is his discretionary income and common sense,if he has discretionary income available and apply some common sense,he is good to go.

Absolutely, nobody needs to understand everything about Bitcoin investment before getting started if that were the requirement most folks would never invest because the technology is consistently evolving. I think there's a balance to strike , while one don't need expert level knowledge and understanding the basics of what one are putting ones money into can help one avoid costly mistakes and make better decisions having discretionary income and common reasoning is very important but a small education goes a long way building confidence and managing any risks involved.

The thought of wanting to know everything before starting to invest in bitcoin may leads to procrastination and in some cases some people may end up not investing. So the main thing as long as starting is concerned is discretionary income, the moment discretionary income has being figured out there is no need for anyone that wants to start investing to delay because they don't needs to have all the knowledge about bitcoin. Unless for those that are planning to go into trading which is a very risky part , even if they end up acquiring all the knowledge they think is essential, the chances of losing all there money is very high.

[KeenanEl19]

The thought of wanting to know everything before starting to invest in bitcoin may leads to procrastination and in some cases some people may end up not investing. So the main thing as long as starting is concerned is discretionary income, the moment discretionary income has being figured out there is no need for anyone that wants to start investing to delay because they don't needs to have all the knowledge about bitcoin. Unless for those that are planning to go into trading which is a very risky part , even if they end up acquiring all the knowledge they think is essential, the chances of losing all there money is very high.

Thinking about everything that must be known first before investing will only make us not invest, there is also a possibility that when we are about to start but realize there is something missing from what must be known, we will postpone the investment that can actually be done right away, especially since we basically already have disposable income.

And I agree with you, instead of thinking about all these things that must be known, it is better for us to pay attention to disposable income because to fully know this is possible can take a long time which can make investment delayed and postponed. In addition, knowledge about the investment itself or about bitcoin can be obtained simultaneously with the investment. This makes more sense than waiting to have full knowledge.

[Soldroplet]

Knowledge is important for everything we want to do, and for Bitcoin investment, we may not need all the knowledge to get started, else we man not start. So, if we are able to get common knowledge about Bitcoin fluctuations and is able to figure out our discretionary income, then we can start out investment and gradually learn alongside as we keep building.

knowledge is important but it is not mandatory that we know everything before we know how to invest in bitcoin. Some people might not invest in bitcoin if they want to do know everything. Bitcoin is still evolving therefore no one can know everything about it so it needles and a waste of time trying to know everything about it.  It isnt a bad thing for folks to have Knowledge about bitcon but too much of it bad. An investor doesn't need to know everything about bitcoin before he get started as that isn't a prerequisite to invest in bitcoin. What is only needed is his discretionary income and common sense,if he has discretionary income available and apply some common sense,he is good to go.

Absolutely, nobody needs to understand everything about Bitcoin investment before getting started if that were the requirement most folks would never invest because the technology is consistently evolving. I think there's a balance to strike , while one don't need expert level knowledge and understanding the basics of what one are putting ones money into can help one avoid costly mistakes and make better decisions having discretionary income and common reasoning is very important but a small education goes a long way building confidence and managing any risks involved.

The thought of wanting to know everything before starting to invest in bitcoin may leads to procrastination and in some cases some people may end up not investing. So the main thing as long as starting is concerned is discretionary income, the moment discretionary income has being figured out there is no need for anyone that wants to start investing to delay because they don't needs to have all the knowledge about bitcoin. Unless for those that are planning to go into trading which is a very risky part , even if they end up acquiring all the knowledge they think is essential, the chances of losing all there money is very high.

I agree with your statement. There are many investors who wait to learn everything about Bitcoin and end up not being able to start investing. But in reality, if someone has the necessary expenses, emergency funds and discretionary income, then he can start investing in Bitcoin even with a small amount. But knowledge is definitely important, there is no rule that all knowledge has to be acquired at the beginning.
@JayJuanGee Sir almost said that, the biggest mistake for beginners is waiting for the perfect time or perfect knowledge. Let me give an example, if someone starts buying Bitcoin equivalent to $ 10 or $ 20 every week, then he will be able to gain knowledge along with investment. Over time, his confidence will increase, knowledge and Bitcoin holding will come under his control. On the other hand, the person who waits saying "I will learn more and then start", may remain with nothing even after a few years.
You have another point, which is about trading. Most people cannot increase their Bitcoin amount by trading, rather they reduce it. For beginners, it is much more effective to accumulate Bitcoin through regular DCA than to speculate on short-term price fluctuations. And I dislike discussing trading because it can be confusing for beginners. It is the job of a smart investor to focus on accumulating Bitcoin in the long term, rather than getting caught up in the lure of trading.

[BluebloodCXVI]

I do advise that when we are holding our Bitcoin, you should not allow what is happening around the internet serves as destruction to us, all we should concentrate more on is the target we are aiming, because it is always rewarding if we can continue in holding, all the fear of uncertainty demands are not what to be given attention to, knowing that when we hold, we stand to make more profit by so doing.

I don’t think there’s any need to be worrying about making profit if truly your goal is to hold long term. And besides, just because you’re holding bitcoin for long does not mean that profit is guaranteed for you even though we might have expectations of it, it is rather better for you to focus more on how to stay locked in with your investment than for you to be obsessing over profit. You might as well just go and do trading instead… since you’re looking for profit that is not guaranteed rather than hiding under the guise of being an investor.

[adultcrypto]

I do advise that when we are holding our Bitcoin, you should not allow what is happening around the internet serves as destruction to us, all we should concentrate more on is the target we are aiming, because it is always rewarding if we can continue in holding, all the fear of uncertainty demands are not what to be given attention to, knowing that when we hold, we stand to make more profit by so doing.

I don’t think there’s any need to be worrying about making profit if truly your goal is to hold long term. And besides, just because you’re holding bitcoin for long does not mean that profit is guaranteed for you even though we might have expectations of it, it is rather better for you to focus more on how to stay locked in with your investment than for you to be obsessing over profit. You might as well just go and do trading instead… since you’re looking for profit that is not guaranteed rather than hiding under the guise of being an investor.

The main purpose of investing in bitcoin and holding long term is the believe that doing so will come with reward in the future. You need this mindset to be motivated and keep buying continuously and without such motivation, you will treat the investment casually. It is not right to pretend that you don't hope to make profits from bitcoin, if you don't hope to make profits in the future, you will go for other investment options that you believe will give you profits and make your life better in the future.

You also said something about profits not being guaranteed in the future and I want to ask you if you know anything that is guaranteed in the future? We don't know how the future will be, but we do use past data and other indices to know that the future for bitcoin is bright which is why we encourage people to be passionate about bitcoin and think long term because the longer you hold, the better your chances of making good profits.

[Gost ms]

I do advise that when we are holding our Bitcoin, you should not allow what is happening around the internet serves as destruction to us, all we should concentrate more on is the target we are aiming, because it is always rewarding if we can continue in holding, all the fear of uncertainty demands are not what to be given attention to, knowing that when we hold, we stand to make more profit by so doing.

I don’t think there’s any need to be worrying about making profit if truly your goal is to hold long term. And besides, just because you’re holding bitcoin for long does not mean that profit is guaranteed for you even though we might have expectations of it, it is rather better for you to focus more on how to stay locked in with your investment than for you to be obsessing over profit. You might as well just go and do trading instead… since you’re looking for profit that is not guaranteed rather than hiding under the guise of being an investor.

You can't advise someone to trade, if a person is making a mistake, you can tell him his mistakes and how he can change these mistakes. We are discussing long-term investment in this topic, so don't mislead anyone by telling them to trade.

Yes, there is no certainty of profit in Bitcoin, but we can always predict how the price of Bitcoin can be in the future. Dunamisx never said that Bitcoin should be invested in the short term, he said that if you hold it in the long term, you get a lot more profit. Looking at the current demand for Bitcoin, we can definitely predict how the price of Bitcoin can be in the future and there are some strong reasons why people are moving towards Bitcoin. For example, decentralized financial management, finding a currency to fight inflation, that currency is Bitcoin.

[Merit.s]

But in reality, if someone has the necessary expenses, emergency funds and discretionary income, then he can start investing in Bitcoin even with a small amount.

You only need your discretionary income to start your bitcoin investment. Your basic needs and necessary expenses should be from your income. If you don't have discretionary income, you cannot invest into bitcoin because it's from your discretionary income that you get you emergency funds from.

You don't need to share your income into three parts but first take care of your needs and any leftover is what you share into three equal part. First part for your DCA to start your bitcoin investment and keep it consistent, the second part is to be used to build your emergency funds gradually, till it reaches three months of your monthly expenses and the last part for your discretionary consumption.

[KeenanEl19]

The main purpose of investing in bitcoin and holding long term is the believe that doing so will come with reward in the future. You need this mindset to be motivated and keep buying continuously and without such motivation, you will treat the investment casually. It is not right to pretend that you don't hope to make profits from bitcoin, if you don't hope to make profits in the future, you will go for other investment options that you believe will give you profits and make your life better in the future.

You also said something about profits not being guaranteed in the future and I want to ask you if you know anything that is guaranteed in the future? We don't know how the future will be, but we do use past data and other indices to know that the future for bitcoin is bright which is why we encourage people to be passionate about bitcoin and think long term because the longer you hold, the better your chances of making good profits.

One of the goals of long-term investment is for the future as you said I agree with that, with one of course being none other than for our own financial well-being. This investment will be successful if it is done in the long term and consistent in its purchase. Thinking about profit is not entirely wrong either because this is the purpose of investment but what must be emphasized is not to see this profit in the short term, this will not work and is not recommended either.

In context, we do not know what the future will be like but basically we are not wrong with preparing for the future from now on by doing things that will indeed be useful for the future, which is none other than investment, that's why this investment is recommended in the long term.